Documents required for Loan against property

It can be said that Loan Against Property implies the most secure method for availing a credit. One of the reasons is that the process of availing IIFL Loan Against Property is very simple and hassle-free. You can get your documents ready and avail the home loan against it. When you apply for the LAP, ensure to keep No Objection Certificate (NOC) and property papers ready. Loan Against Property can be availed by self employed, salaried, partnership firms & private limited companies.

To make your application process simpler, here is a list of documents that you will need:

Residence address Certificate /letter by employer on company letterhead

Copy of Sale Deed of the property (residence), if owned

Municipal or property tax receipt

Post office saving bank account statement

Pension or family pension payment orders (PPOs) issued to retired employees by Govt. departments or Public Sector Undertakings, if they contain the address

Letter of allotment of accommodation from employer issued by State or Central Govt. departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions, and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation

Documents issued by Govt. departments of foreign jurisdiction and letter issued by Foreign Embassy or Mission in India